Vecima Networks Inc.

Vecima Networks Inc.

August 29, 2006 13:55 ET

Vecima Networks Emerges

VCom prepares for November 14 name change

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - Aug. 29, 2006) - VCom Inc. (TSX:VCM) announced today that effective November 14 it will change its name and begin to operate as Vecima Networks Inc. The company's CUSIP number and TSX symbol will remain unchanged and the company can be found on the web at its new domain, as of November 14.

"As we continue to grow and mature as a company, we must ensure that our brand reflects our size and position within the marketplace," said VCom Chief Executive and Chairman, Dr. Surinder Kumar.

"Having surpassed 600 employees, transitioned to a public company and significantly expanded our facility holdings, we feel this is an appropriate time to re-brand the firm as we shift our marketing campaigns into high gear. It is critical that customers, investors, and market observers recognize our organization's successes and capabilities moving forward."

"While the VCom name served our purposes well in the past, our company has now evolved to market numerous best-in-class products under own label and in a worldwide channel. The name 'VCom', and its variants, is used by various companies, and is even trademarked in some jurisdictions preventing our use of the name in those countries. As we expand internationally, we need a universally recognized and proper name as we focus on developing our unique brand. Vecima represents an evolution of our company from not only supplying OEM modules but also providing leading edge solutions under our own label. Our initiatives to develop state of the art products for WiMAX and DOCSIS 3.0 align with this change."

"Vecima will continue VCom's core commitments to quality standards and personal customer relationships," Kumar said. "With Vecima we are building a brand that is synonymous with our core strengths; technical pre-eminence, time-to-market, agility, and solutions tailored to our customers' needs on a case-by-case basis are hallmarks of our company."

About VCom

VCom Inc. (TSX:VCM) designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. VCom's hardware products incorporate embedded software developed by it to meet the complex requirements of next-generation, high-speed digital networks. Service providers use VCom's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. VCom's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to endusers, commonly referred to as "the last mile", by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. VCom's products are directed at three principal markets: Data over Cable, Broadband Wireless and Digital Video. The Company has also developed and continues to focus on developing products to address emerging markets such as Voice over Internet Protocol, fibre to the home and IP video. VCom currently employs approximately 600 people in Western Canada.

Forward-Looking Statements

This news release contains forward-looking statements which are not historical facts, but are based on certain assumptions and reflect VCom's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. VCom disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

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